Wire rod prices rise in UAE, sold locally and abroad

Even though overall demand for longs in the UAE remains subdued, prices of wire rod have risen noticeably compared to the beginning of September.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -3.5
Scrap HMS I/II 80:20, CFR Turkey, $/mt 1.84
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt 1.68
HRC FOB China, $/mt 1.44
Wire Rod FOB China, $/mt 0.97
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey 0.73
Billets FOB Black Sea 0
Rebar FOB Turkey 1.68
Scrap HMS I/II 80:20 CFR Turkey 1.68
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  Weekly Change (%)
Turkish Rebar Index 1.31
Turkish Scrap Index 0.9
China rebar export index 0
China wire rod domestic market index -0.16
Click to see full list
USA Scrap Export January - May 2020 / mton
Turkey 1,552,734
Mexico 871,655
Malaysia 774,680
Taiwan 707,184
Bangladesh 602,535
Click to see full list

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